Draft G20 statement doing the rounds
Reuters have the draft statement from the G20 fin mins and central bankers
As this is a draft, take it with a pinch of salt but even so, the removal of the protectionism and devaluations phrases is a sign that that countries are starting to look inwards rather than outwards, and that is a big can of worms. If countries start messing willy nilly with their fx rates just to get an edge, rather than controlling extreme circumstances, that’s one step closer to global trade wars.